A common complaint at month end is the process of reconciling intercompany accounts. We hear that it’s painful, particularly when multicurrency is involved. So here are a couple of tips for relatively painless multicurrency intercompany reconciliations: Determine the currency that the inter-company accounts will be denominated in. For most companies, this will be the parent [...]Read More »

In the world of products and services, for the consumer and business, the concept of invoice and payment is simple: One determines a product to buy, picks-up the product or has it delivered, and pays a price for the good or service. This is the model we use in trips to the grocery store, on-line [...]Read More »